The one upside of tariffs is that they:

Name: The one upside of tariffs is that they:
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Question

Quizplus · Accepted Answer

Tariffs are taxes that are imposed on imported goods. Therefore, they raise revenue for the government. However, they also increase the prices of imported goods, which may lead to decreased demand and/or increased prices domestically. Therefore, while there may be some benefits to certain domestic industries or producers, overall, tariffs have more negative effects on the economy than positive ones.

The One Upside of Tariffs Is That They